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Nyzhnyodniprovsky Pipe Receives USD 135 mln from Interpipe Ltd.

Nyzhnyodniprovsky Pipe Receives USD 135 mln from Interpipe Ltd.

8 August 2008

Interpipe reported that Nyzhnyodniprovsky Pipe (NITR: U/R) has obtained a three-year USD 135 mln loan at an 8.75% annual rate from Interpipe Ltd (Cyprus). Nyzhnyodniprovsky Pipe intends to use the proceeds for financing capital expenditure, working capital and for refinancing existing debt. Last month Interpipe Ltd issued a three-year USD 200 mln Eurobond with a coupon of 8.75%.

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